EPTDA MARKET FORECAST 1Q15

OUTPERFORMING IN THE EUROPEAN AUTOMOTIVE PRODUCTION EXPECTED THROUGH AT LEAST 2016

Annual Europe Industrial Production is slowly expanding, up 1.1% from last year. Trends in Eastern and Western Europe show that Eastern Europe will continue to generally outperform Western Europe through 2016. Both regions will fall into year-over-year contraction in 2015, but decline will be more mild in Eastern Europe and will be followed up by a robust rising trend in 2016. Annual Europe Food production is up 1.4% from the year ago level, but this industry has transitioned to Slower Growth phase. Europe Automotive Production will outperform all expectations for the overall economy in Europe through at least 2016. Low interest rates combined with a blossoming automotive manufacturing hub in Eastern Europe will keep this economic engine running. EPTDA members should consider this industry as an opportunity for growth through 2016.

PRODUCTION RATES SECTOR BY SECTOR

Annual Europe Food & Beverage Machinery Production is virtually even with the year-ago level. Annual Europe Food Production is up 1.4% from the year ago level, but this industry has transitioned to Slower Growth phase.

Europe Industrial Machinery Production has been basically flat since 2013, and we expect this trend to persist through at least 2016.

Annual Europe Power Generation Equipment Production is poised to transition into Recovery phase, imminently, but do not expect this market to improve substantially.

EPTDA Members can read the full Market Forecast Report done in collaboration with ITR Economics in the Members Area HERE.